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Sunday, June 07, 2009

Yeah, That About Sums It Up

Former Mayor Bart Peterson has landed a big job at Eli Lilly. The job description is very similar to the one Gov. Mitch Daniels once held at the company. "Bart is a proven leader with a strong list of achievements. His strategic approach, intellect, and political acumen will make him a valuable addition to Lilly's leadership team," said Eli Lilly CEO John Lechleiter. Given the disastrous state of financial affairs he left behind at the City of Indianapolis (bankrupt CIB, bankrupt water company, unfunded public safety jobs, unfunded over-time pay for city workers, etc.), it's hard to say his business acumen won over Eli Lilly. "Political acumen" is the operative word in this announcement. I'm happy to see Peterson is collecting his financial pay off for the more than $100 million in tax abatement incentives his administration handed out to the company during his eight years as Indianapolis mayor. I'm sure the thousands of Lilly workers who've lost their jobs over the past few years from "early retirement", outsourcing and other planned job cuts are happy to see the company found a high-paying job for Peterson, if not them.

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